Market recap: Stocks rallied to their biggest gains of the year as dovish comments from the...

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CautiousInvestor Comments (2799)
 
Complicated.

All of the above plus shorts exiting positions and putting a short squeeze on others.

The world is no better off than it was last Friday.
6 Jun 2012, 04:23 PM Reply Like

Hubert Biagi Comments (620)
 
Wow, I'm amazed at the lack of enthusiasm over Walker's recall win. Also the pension reduction votes in California. The world IS better off than Friday, MUCH better off. State and local governments now have a fighting chance to balance their budgets. Nationally, you'd better believe that Romney's chances have just improved considerably. This will be very, very good for the markets.

Just imagine if Walker had been recalled. Here's a politician that actually followed thru on his campaign promises, and then get's kicked out? That would have been a fatal blow to every municipality struggling with benefit costs.
6 Jun 2012, 05:18 PM Reply Like

Michael Clark Comments (7805)
 
Romney is a lightweight. He will appear so when he gets on the stage with Obama. Romney is tofu.
7 Jun 2012, 12:36 AM Reply Like

BlueCollarBlueDog Comments (81)
 
IMO the Walker win was the stimulus.
Can you imagine the rally on an Obama Aloha election?
I don't mind the man, but his policies are sand in the gear grease.
7 Jun 2012, 01:29 AM Reply Like

BlueCollarBlueDog Comments (81)
 
Tofu? Eat it much? Obama speaks at the GLBT gala in Hollywood
Wednesday, Romney (in Texas) is Tofu? Right, carry on hero. LOL.
7 Jun 2012, 01:33 AM Reply Like

Lawrence Lee Comments (47)
 
Reflexivity : Stage 1 - Episode 2 (to be continued)
6 Jun 2012, 04:34 PM Reply Like

Dirtydozen011 Comments (63)
 
I wouldn't want to be in Ben's skin tomorrow. He needs to scare the congress into doing something and in the same time comfort the markets.
6 Jun 2012, 04:34 PM Reply Like

TruffelPig Comments (3325)
 
The crappy congress - urgh. Worst congress ever.
6 Jun 2012, 04:57 PM Reply Like

torahislife Comments (400)
 
Ben, quit talking at it. Time to let the market-correction beast off its leash to deal with the monster you created.
6 Jun 2012, 05:45 PM Reply Like

TruffelPig Comments (3325)
 
What monster? Look at valuations please and stop repeating this nonsense. How many years is the market now around current values? There was no inflation in-between obviously.
6 Jun 2012, 06:15 PM Reply Like

petten Comments (117)
 
Scott Walker for President, some day.
6 Jun 2012, 07:02 PM Reply Like

TruffelPig Comments (3325)
 
There is something wrong with the assessment - IF stocks rallied because of Bernanke, Gold have gone way up and GLD. It didn't. So, what does that mean? I think it means the easing is expected outside of the US in Europe (stronger dollar = weaker gold). Correct?
6 Jun 2012, 08:00 PM Reply Like

Michael Clark Comments (7805)
 
Actually, stocks rallied because the Dollar came down. Simple as that.

Bernanke has paid trillions to try to keep the Dollar down and inflate assets traded in Dollars. The Dollar comes down a bit, stocks and commodities rally. Is the USD rally over? Probably not. Remember when the Euro was going to replace the USD as the world's stable currency?

QE and Operation Twist were ploys to refund banks with public money and keep the US Dollar down to inflate the global bubble.

More QE? The rest of the world is leery about paying higher oil prices, food prices, energy prices. The last QE sparked revolutions in the Middle East and nasty demonstrations in Europe -- and Obama got an earful from leaders all over the world. More QE is not a given. Fake inflation without economic growth is a kind of cancer, a kind of tumor, in the Economic tissues -- that's all. An asset bubble is a tumor. It is A growth, but it isn't growth.
7 Jun 2012, 12:38 AM Reply Like